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Fly News Breaks for July 27, 2016
MFLX
Jul 27, 2016 | 09:22 EDT
Multi-Fineline announced the completion of its previously announced acquisition by Suzhou Dongshan Precision Manufacturing Co., a diversified manufacturer headquartered in Suzhou, China. The transaction, valued at approximately $610M on a fully diluted basis, was announced in February. The completion of the transaction follows the receipt of all necessary shareholder and regulatory approvals. MFLEX stockholders will receive $23.95 per share in cash for each share of MFLEX common stock held at the close of the transaction. With the completion of the acquisition, MFLEX has become an indirect, wholly owned subsidiary of DSBJ, and MFLEX common stock will be delisted and cease trading on NASDAQ before the open of market on July 27.
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